The primary purpose of insurance is to alleviate any financial burdens of the insured immediately after a loss. If the failure is caused by a specific event covered by the insurance policy, the insurer will pay for the enclosed value of the loss. What is an insurance claim? Before the act of reimbursement, the policyholder must ask their insurance provider to pay them for what they have lost. This request…
For the Philippines, monsoon can either be a delightful season or a harmful one. Rains bring respite from months of intense heat, but they may also leave losses from destructive storms and downpours. Joint problems may include engine problems for vehicles stuck in floods, excessive damage to properties, and even water-borne or viral diseases breaking out. Monsoon is yet another season that one needs to prepare for financially. To prevent…
Not all insurance companies offer the same insurance products or cater to the same customer base. Thanks to iChoose, a leading car insurance comparison website in the Philippines, finding suitable car insurance has never been easier. iChoose is well-connected with some of the leading and highly trusted insurance companies and leading people in e-commerce throughout the Philippines. iChoose.ph Hub at Festival Mall Alabang iChoose has several shops in some selected…
Depending on how long homeowners have lived in a house, it is natural for belongings to accumulate, and it is hard to keep track of things, especially if they own more than they realize. Homeowners can miss some things when they try to list off their valuable possessions. That is why creating or updating a home inventory of your possessions at least annually offers benefits beyond having a total accounting…
Suretyship is about having the assurance that a significant task or obligation will be delivered as promised. Surety generally takes the form of a bond, which is an agreement or contract that the surety company is indebted to or at some point must pay the one who holds it, in the scenario that the contractor fails to meet some obligations or terms of the contract. What is a surety bond,…
Every year is off to a busy start, with people listing their priorities off, including what they aim to accomplish for the year ahead. Often, with so much to consider, many policyholders forget to include reviewing their policy on their list. So much can happen in a few months; it may include major purchases, significant life events, and many lifestyle changes or circumstances. Hence, it is essential to review one’s…
The past year has various industries suffering from the impact of the coronavirus pandemic. The insurance industry is no exception as it has to deal with several issues relating to business continuity, services, and operational profit. All of which are highly disruptive, prompting insurers to strive and adapt to profound changes. People can only predict what 2021 can bring, but one thing is for sure, we live in a world…
The coronavirus pandemic is not the only crisis the Philippines has faced. The country, being one of the most disaster-prone countries in the world, has Filipinos continuously suffering from harm and property damage brought upon such tragedies. The Philippines is vulnerable to natural hazards such as earthquakes, cyclones, floods, and even volcanic eruptions than most countries, thanks to the nation’s geographic location. While the Philippine Government undoubtedly improved financing capacity…
Accidents and health issues can threaten financial security anytime—an unexpected hospital stay and a medical care plan might not be enough to cover all the medical services needed. With health insurance ph, the insured’s medical expenses are covered should they get sick or injured. The insured can also access preventative care such as doctor visits and various tests, preventing the onset of any potential diseases. In most cases, people with…
When talking about insurance policy, there are different types of coverage available. Depending on what is covered in a policy, people can ensure financial assistance from life-altering situations that can render people financially incapable. The everyday uncertainty stresses the importance of insurance should certain things happen. While preventing such occurrences is impossible, at least financially, people are in control as the insurance policy can safeguard them from impending obstacles. Despite…